Farmer Bros announced the resignation of Isaac Johnston, Treasurer and Chief Financial Officer, effective January 6, 2017, to accept another opportunity. The Board of Directors has formed a search committee and expects to engage an independent search firm to identify a successor.
“On behalf of the Board and management team, I want to thank Isaac for his leadership and contributions to Farmer Brothers. While we are disappointed to see him leave the Company, we wish him well in the new role he will be taking on,” said President and CEO, Michael Keown. “We have a strong finance team in place and are confident this will be a smooth transition. Importantly, our organization is continuing to run on all cylinders. All of us remain intently focused on executing against our key strategic initiatives to smoothly complete our corporate relocation, further enhance the products and service we provide to our customers and create and leverage supply chain efficiencies to further reduce costs – all with the goal to continue delivering superior stockholder value.”
Founded in 1912, Farmer Bros. Co. is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Company’s product lines include organic, Direct Trade and sustainably-produced coffee.